Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
ZIP 46247
The 46247 housing market shows steady appreciation and consistent demand, driven by its affordability relative to the broader Indianapolis metro area. While inventory remains tight, the market is balanced by moderate sales volume and stable days-on-market figures. Current conditions reflect a resilient local economy supported by logistics and healthcare employment.
This ZIP is well-suited for first-time homebuyers and working families seeking affordability within a short commute to Indianapolis employment hubs. It offers a suburban feel with convenient access to urban amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 34 days on market with 3.2 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46247, Marion County IN
Crime rates in the 46247 area are generally consistent with broader Indianapolis trends, with property crime being the primary concern. Residents are encouraged to utilize local precinct resources for specific neighborhood safety updates.
Schools serving this ZIP are part of the Perry Township Schools district, which maintains a diverse student body and varying performance metrics across its elementary and secondary campuses.
The area is primarily inland with low wildfire risk, though localized flood risks exist near regional drainage basins. Standard homeowners insurance remains available, though premiums are influenced by regional weather patterns.
Economic momentum is driven by proximity to the Indianapolis logistics and healthcare corridors. Development is characterized by infill residential projects and steady commercial activity along major arterial roads.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Commuters benefit from direct access to I-465 and I-65, providing a 15-20 minute drive to downtown Indianapolis. Public transit options are limited, making personal vehicle ownership the primary mode of transportation.
The area features several local parks and green spaces, including proximity to the White River Greenway. Shopping and dining options are concentrated along the US-31 corridor.
The rental market is characterized by steady demand from workforce households, with moderate vacancy rates. Investor interest is present, particularly in single-family rental conversions.
The economy is anchored by the Indianapolis metropolitan industrial and healthcare sectors. Major employers include regional logistics centers and the nearby St. Francis Health system.
The area is served by a network of arterial roads connecting to the I-465 beltway. Public transit is provided by IndyGo, though service frequency is lower than in the urban core.
Development is focused on small-scale residential infill and commercial revitalization along the main thoroughfares. No major mega-projects are currently slated for this specific ZIP.
The Marion County Assessor manages property valuations, with assessments conducted annually to reflect market changes. Appeals processes are available through the county property tax assessment board.
Parcels are subject to Perry Township school taxes and municipal service districts. No major MUDs or PIDs are prevalent in this established area.
Property insurance remains stable, with standard coverage available for residential properties. Hazard exposure is primarily limited to wind and storm damage common to the Midwest.
Data retrieved from data.census.gov using ZCTA 46247 profile.
Features an ice rink, swimming pool, and sports fields serving the local community.
A public 18-hole course located nearby providing recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
Unlocked in the Investor tier
Aggregate foreclosure counts for this geography — recorded notices, upcoming sales and distress weight against population. The filing-level ledger opens at Investor.
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